Posted by sbaxman111 on 27th of Apr 2017 at 10:41 am
From Zero Hedge: Well that was fast:
literally seconds ago we posted JPM's Q1 GDP forecast revision
, saying "while we wait to see if the Atlanta Fed will cut its
final Q1 GDP estimate ahead of tomorrow's official print to 0% or
negative." At precisely the same time as we hit the publish button,
the Atlanta Fed came out with its revised forecast and it's a
doozy: after starting its Q1 GDP nowcast at 2.5%, rising as high as
3.4%, and plunging recently as low as 0.5%, the Atlanta Fed has
"thrown in the towel" on the quarter in which the Fed hiked rates,
and while not negative - or 0.0% - it was about as close as it
could go without the Fed losing all credibility for having hiked in
a contraction quarter
Atlanta Fed GDP est drops
Posted by sbaxman111 on 27th of Apr 2017 at 10:41 am
From Zero Hedge: Well that was fast: literally seconds ago we posted JPM's Q1 GDP forecast revision , saying "while we wait to see if the Atlanta Fed will cut its final Q1 GDP estimate ahead of tomorrow's official print to 0% or negative." At precisely the same time as we hit the publish button, the Atlanta Fed came out with its revised forecast and it's a doozy: after starting its Q1 GDP nowcast at 2.5%, rising as high as 3.4%, and plunging recently as low as 0.5%, the Atlanta Fed has "thrown in the towel" on the quarter in which the Fed hiked rates, and while not negative - or 0.0% - it was about as close as it could go without the Fed losing all credibility for having hiked in a contraction quarter
Atlanta Fed # is not
Posted by a_l_ on 27th of Apr 2017 at 12:34 pm
Atlanta Fed # is not reliable. Huge intraquarter revisions point to a bad model.